Adero Partners LLC Purchases Shares of 3,495 HDFC Bank Limited (NYSE:HDB)

Adero Partners LLC purchased a new stake in shares of HDFC Bank Limited (NYSE:HDB) in the fourth quarter, Holdings Channel reports. The firm purchased 3,495 shares of the bank’s stock, valued at approximately $223,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pin Oak Investment Advisors Inc. increased its stake in HDFC Bank by 104.1% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock valued at $31,000 after purchasing an additional 254 shares in the last quarter. Northwest Investment Counselors LLC purchased a new position in HDFC Bank during the 3rd quarter worth $38,000. JFS Wealth Advisors LLC boosted its holdings in HDFC Bank by 70.2% during the 3rd quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock worth $42,000 after acquiring an additional 275 shares during the last quarter. RPg Family Wealth Advisory LLC purchased a new position in HDFC Bank during the 3rd quarter worth $65,000. Finally, GAMMA Investing LLC boosted its holdings in HDFC Bank by 34.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,215 shares of the bank’s stock worth $76,000 after acquiring an additional 312 shares during the last quarter. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Price Performance

Shares of NYSE:HDB opened at $61.90 on Friday. The company’s 50-day moving average is $62.98 and its 200 day moving average is $62.38. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. The company has a market capitalization of $156.74 billion, a P/E ratio of 18.81, a price-to-earnings-growth ratio of 1.67 and a beta of 0.91. HDFC Bank Limited has a fifty-two week low of $52.16 and a fifty-two week high of $68.50.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. On average, equities research analysts forecast that HDFC Bank Limited will post 3.09 earnings per share for the current year.

Wall Street Analyst Weigh In

HDB has been the topic of a number of analyst reports. Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Nomura Securities raised shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, StockNews.com downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th.

About HDFC Bank

HDFC Bank Limited provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in three segments: Wholesale Banking, Retail Banking, and Treasury Services. It accepts savings, salary, current, rural, public provident fund, pension, and demat accounts; fixed and recurring deposits; and safe deposit lockers, as well as offshore accounts and deposits, and overdrafts against fixed deposits.